Power Integrations Inc - POWI STOCK NEWS

Power Integrations (POWI) has unveiled its new 600 V 12 A Qspeed diode, noted for the industry's lowest reverse recovery charge (Q_rr) of 14 nC at 25 °C. This diode enhances efficiency in the PFC stages of on-board chargers, reducing thermal load on PFC MOSFETs. The device is AEC-Q101 qualified and can replace more costly silicon carbide (SiC) components while maintaining high performance without the associated drawbacks. Priced at $1.17 in 10,000-piece quantities, the Qspeed diode aims to optimize automotive applications.

Power Integrations (Nasdaq: POWI) has appointed Yang Chiah Yee as vice president of worldwide sales, succeeding Ben Sutherland, who will focus on sales in Europe, India, and Southeast Asia. Mr. Yee has over three decades of experience in sales management, including significant roles at Atmel Corporation, where he managed $1.4 billion in annual revenue. Balu Balakrishnan, CEO, expressed confidence in Yee's ability to lead the sales team, highlighting his extensive industry experience and regional expertise.

Power Integrations (Nasdaq: POWI) announced participation in the Stifel Virtual Cross Sector Insight Conference on June 10 at 8:20 a.m. Pacific time. CEO Balu Balakrishnan and CFO Sandeep Nayyar will engage in an online fireside chat during the event. A live webcast will be available on the company's investor webpage, ensuring accessibility for stakeholders to gain insights into the company's performance and strategic direction.

Anker Innovations has unveiled its Nano II series of chargers, the world's first to utilize Gallium Nitride (GaN) II technology. Available in 30W, 45W, and 65W variants, the chargers are designed to be smaller and faster, featuring USB-C ports and Anker's Power IQ 3.0 tech, allowing for rapid charging. The 65W model is notably compact yet more powerful than previous models, capable of charging smartphones and laptops alike. Pre-orders have started at prices ranging from $29.99 to $39.99, with shipments commencing mid-June 2021.

Power Integrations (Nasdaq: POWI) has launched the InnoSwitch™4-CZ family of flyback switcher ICs, featuring a robust 750 V primary switch and PowiGaN™ technology. This innovation allows for ultra-compact chargers for mobile devices, with a focus on efficiency and compact design. Anker has partnered with Power Integrations to showcase the first devices using this technology. The InnoSwitch4-CZ promises up to 95% efficiency, a steady-state switching frequency up to 140 kHz, and costs $3.85 per unit in large quantities.

Power Integrations (Nasdaq: POWI) has launched its Motor-Expert software, designed for high-efficiency brushless DC (BLDC) motor applications. This software allows precise control and tuning of single-phase motors, which are vital in modern appliances like compressors and fans. Key advantages include reduced costs and complexity in motor driver ICs, supporting both sensor and sensorless operations. The user interface simplifies motor tuning and diagnostics, enhancing system performance. The software meets new energy efficiency regulations and is compatible with various microcontrollers, promoting efficiency and safety in motor drive designs.

Power Integrations (Nasdaq: POWI) has announced the launch of the new SCALE-2 gate driver, designed for 130 x 140 mm single IGBT high-power (IHM) modules. These gate drivers enhance system development and installation, particularly in railway and long-life applications. Key components include the 1SP0630V2M1R main driver, 1SP0635D2S1R peripheral driver, and ISO6125R-33 power supply. The SCALE-2 technology offers high integration and protection features, with a current output range of 1200 A to 1400 A and IGBT blocking voltage of 3300 V, compatible with modules from major manufacturers.

Power Integrations (POWI) has announced the release of its automotive-qualified InnoSwitch™3-AQ flyback switcher IC family, now available with a 900 V rating. This new IC provides enhanced headroom for power applications in electric vehicles, including inverters and battery management systems. The InnoSwitch3-AQ family boasts up to 90% efficiency and operates over a wide input voltage range from 30 V to 1200 V, with multiple safety features integrated. The new ICs are priced at $2 in volume, making them accessible for automotive designers.

Power Integrations (NASDAQ: POWI) reported strong financial results for Q1 2021, with net revenues at $173.7 million, up 58% year-over-year. Net income increased to $39.8 million or $0.65 per diluted share compared to $0.26 a year earlier. The company saw significant cash flow from operations of $58.1 million. For Q2 2021, revenues are expected to remain flat, with GAAP gross margins estimated between 49.5% and 50%. Power Integrations also announced a cash dividend of $0.13 per share and a $50 million increase in its share-repurchase authorization.